After the Corona...
This will be part 2 of a series of Post-Coronavirus economy.
As I talk to students who are business men, ladies and educators, it becomes more and more apparent that we are all in the same boat. The virus has taken a grip of our country, everyone is in panic mode and sales and new customers are dramatically decreased. So many companies are at a loss of what to do.
Successful companies seem to be the companies that specialise in stay-at-home products like video games, video chat, food and essentials. Things like sports clubs, jukus, education facilities are struggling and travel based industries are hit the hardest. Everywhere, small to medium sized businesses are bleeding.
As the Coronavirus finishes, people will still have that fear in their minds and hearts and it'll take a while to finally, fully relax. People will also be strapped for cash so expensive programs wouldn't be as attractive as value for money products. Finally, international travel and business trips will be dramatically diminished. Focusing on hobby type products, daily usage products and products aimed at bring happiness to others will be the best.
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